The decentralized prediction market protocol Myriad has recorded over $10 million in trading volume in USDC and attracted more than half a million users. The project aims to create a new asset class based on information that can be freely traded in the market.
This is reported by Finway
Key Achievements and Ambitions of Myriad
Myriad, which launched in March 2025 with USDC markets developed in collaboration with Decrypt and DASTAN (the parent company of Rug Radio), made its debut on the Ethereum Layer-2 Linea by July, laying the groundwork for the protocol’s multichain development. According to Myriad co-founder and CEO Loxley Fernandez, the rapid growth of the project indicates the potential of prediction markets as a new segment for capital markets.
“Markets have always been about speculation, but Myriad is turning speculation into a product.”
Fernandez emphasized that Myriad is “building the rails for predictive markets to move from being a niche crypto product to a fully-fledged segment of DeFi.”
Development of the Ecosystem and Future Integrations
As part of the Myriad ecosystem development, users have installed over 60,000 browser extensions, and the number of predictions across various fields, including sports, politics, culture, and cryptocurrencies, has exceeded 5.4 million. Among these are serious estimates of the market capitalization of tech giants as well as humorous bets, such as the number of birds over Texas on a given night.
The project is developing both a B2C platform for the general public and B2B solutions for integration with other applications. The company’s roadmap includes integrations with EigenLayer and EigenCloud, the launch of combined oracles, and the development of the ERC-PRED standard. This standard aims to establish prediction markets as a fully-fledged asset class in the DeFi sector.
Loxley Fernandez compares Myriad’s approach to the transformation that Robinhood brought to the stock market, emphasizing user simplicity: now anyone can tokenize their own opinions with just a few clicks.
It is worth noting that recently Myriad Markets has allowed users to place bets on the outcomes of controversial decisions related to Ukrainian President Volodymyr Zelenskyy.